# Adani Group completes $10.5B acquisition of ACC and Ambuja Cements

Adani Group became India's second-largest cement producer in 2022 with its $10.5 billion acquisition of Ambuja Cements and ACC from Holcim. The group will continue using the ACC and Ambuja brands and has no plans to merge the entities.

- Type: Acquisition
- Announced: 2022-01-01
- Where: India
- Value: $10.5B
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ambuja Cements](https://endata.com/companies/15069.md) (target)
- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Adani Group](https://endata.com/companies/15392.md) (acquirer)
- [ACC](https://endata.com/companies/20080.md) (target)

## Sources

- [prelaunch.financialexpress.com](https://prelaunch.financialexpress.com/business/industry-indias-adani-to-continue-using-acc-ambuja-brands-no-plans-to-merge-cement-units-3179777/), 2023-07-20: "No disruption is expected in the usage of these legacy brands."
- [indianexpress.com](https://indianexpress.com/article/business/companies/adani-group-acc-ambuja-brands-no-merger-plans-cement-units-8850562/), 2023-07-20: "No disruption is expected in the usage of these legacy brands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.